Taxing Wealth in a Context of Extreme Inequality Legacy: The Case of South Africa. Chatterjee, A., Czajka, L., & Gethin, A. ![Taxing Wealth in a Context of Extreme Inequality Legacy: The Case of South Africa [link]](https://bibbase.org/img/filetypes/link.svg "link")
Paper abstract bibtex Many studies have investigated the dynamics of poverty and consumption in developing countries, but still little is known about the distribution of household net worth. This column documents the persistence of extreme wealth inequalities in South Africa since the end of the apartheid regime. Today, the top 10% own about 85% of total wealth and the top 0.1% own close to one third. A progressive wealth tax targeted at the richest 1% could collect the equivalent of between 1.5% and 3.5% of South Africa's GDP, both tackling this legacy of extreme inequality and bringing additional government revenue in the wake of the COVID-19 crisis.
@misc{chatterjeeTaxingWealthContext2021,
title = {Taxing {{Wealth}} in a {{Context}} of {{Extreme Inequality Legacy}}: {{The Case}} of {{South Africa}}},
author = {Chatterjee, Aroop and Czajka, Léo and Gethin, Amory},
date = {2021},
journaltitle = {VoxEU.org},
url = {https://voxeu.org/article/taxing-wealth-context-extreme-inequality-legacy-case-south-africa},
abstract = {Many studies have investigated the dynamics of poverty and consumption in developing countries, but still little is known about the distribution of household net worth. This column documents the persistence of extreme wealth inequalities in South Africa since the end of the apartheid regime. Today, the top 10\% own about 85\% of total wealth and the top 0.1\% own close to one third. A progressive wealth tax targeted at the richest 1\% could collect the equivalent of between 1.5\% and 3.5\% of South Africa's GDP, both tackling this legacy of extreme inequality and bringing additional government revenue in the wake of the COVID-19 crisis.},
file = {C\:\\Users\\lukis\\AppData\\Roaming\\Zotero\\Zotero\\Profiles\\h20ej2eu.default\\zotero\\storage\\E6L5DTE6\\Chatterjee et al_2021_Taxing Wealth in a Context of Extreme Inequality Legacy.pdf}
}
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